Allspring Global Investments Holdings LLC Sells 2,468 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Allspring Global Investments Holdings LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 123,549 shares of the basic materials company’s stock after selling 2,468 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Royal Gold were worth $14,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Royal Gold during the 2nd quarter worth approximately $31,000. Artemis Wealth Advisors LLC bought a new position in Royal Gold in the third quarter worth $36,000. BKM Wealth Management LLC acquired a new stake in Royal Gold during the fourth quarter worth $36,000. 1832 Asset Management L.P. bought a new stake in Royal Gold in the 1st quarter valued at $51,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Royal Gold in the 4th quarter valued at $52,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Finally, Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold has a consensus rating of “Hold” and a consensus price target of $145.67.

Royal Gold Trading Up 0.8 %

Shares of RGLD opened at $121.01 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 6.14 and a beta of 0.87. The stock has a fifty day moving average price of $112.95 and a two-hundred day moving average price of $113.92. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The firm had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. Analysts predict that Royal Gold, Inc. will post 4.35 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a $0.40 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. Royal Gold’s payout ratio is 43.96%.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.